Rate will be 1.5% below Prime** for the life of the loan. Floor is 3.75%. 15 year draw/repayment period, followed by 15 year repayment period.
20
4.250%
4.000%
Varies
Rate will be 0.75% below Prime** for the life of the loan. Floor is the start rate. 20 year draw/repayment period. Balloon payment due at maturity. $99 non-refundable application fee. Minimum of $25K. Maximum LTV 70%.
20
4.750%
4.500%
Varies
Rate will be 0.25% below Prime** for the life of the loan. Floor is the start rate. 5 year interest only draw period, followed by a 15 year principal and interest repayment period.
15
4.500 %
4.250%
Varies
1-2 Family Investment Properties; 1st Lien Only; Max LTV – 70% up to $300,000: Rate will be 0.50% below Prime** for the life of the loan. Floor is the start rate. 15 year draw/repayment period, followed by 15 year repayment period.
*APR= Annual Percentage Rate. **Based on New York Prime Rate as published in the Wall Street Journal.